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Amount of First bwement WIR - 00
<br />Tow of Asymente tA9,00MO
<br />Number ofMwtbIyWWWAnt* - 48
<br />100062
<br />NEBRASKA DEED OF TRUST
<br />(With Power of Soo)
<br />Amount of Other Instalments i� 3196.00
<br />First Instalment Put Da ' bruary 9_I9jj9
<br />Final lmt*tnmt Due Date January 9 _19_"
<br />THIS DIED OF TRUST. MI& this 3 day of January 19A91
<br />between Gmg=4 0- and Peggy.& Chingren husband id We
<br />Whose malting &$Aren is 21 UtInuise-Grand Island. Ne. 68801
<br />asTrustors, % hn Cunnina-ham attorney
<br />whose mailing address in 222 N Cedar Grand Island. Ne. 68891-
<br />03 UVAt", and Norwest Fi-.%zkpial Nebraska, Inc., whWm'ailing address is 2337 North. Vgbb Rd_
<br />&Oatd Iqla[ld, Na- 58801
<br />WITNESSETH, TmWrs hereby irrevocabkv. grant, bargain, sell, and convey to Trustee In -tru#k, with power of sale, the fall6wing .
<br />scribed Hall County; No . brouluit''
<br />West 14 of Lot Three �3), and all of lot Four (4),Alokk Three (3),: Wiebel's.:,Addftion
<br />to the City.of Grand Island, Hall County, Nebraska
<br />Together witb tenements, hereffitaments, and appurtenances thereunto belonging 'or . ii in anywise appertaining and the rents, issues and
<br />profits thereof..
<br />This conveyance is intended for the purpose of securing the payment to Benefici avy. of Trustors! promissory note of even date in the
<br />amount stated above as "Total of Payments". Said 'Total of PaymenW.is. repayable in the number of monthly instalments. s6ted above.
<br />Tshm nummi tX&v instalment payments due on M(I l0an iS stated"abow The first and final-instolment-du-0 dates on-said 16ai imstated
<br />above. Payment may be made in advance in any amount at any time. Default in making any payment shall, at the BeneficisivVe option
<br />and without notice or demand, render the entire unpaid balance of said loan at once due and payable, less any required• rebate of charges.
<br />To protect the security of this Deed of Trust, Trustor covenants and agrees:
<br />I. To keep the property in good condition and repair-, to permit no waste thereof, to complete any building, structure or improvement
<br />being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be damaged or
<br />destroyed; and to comply with all laws, ordinanoes, regulations, covenants, conditions and restrictions affecting the property.
<br />2. To pay before delinquent all lawful taxes and assessments upon the property. to keep the property free and clear of all other charges,
<br />liens or encumbrances impairing the security of this Deed of Trust.
<br />3. To keep all Iiiii1dings now or hereafter erected on the property described herein continuously insured against loss by fire or other'
<br />hazards in an amount not less than the total debt secured by this Deed of Trust.• All policies shall be held by the BeneRcia". . and be
<br />in such companies as the Beneficiary may approve and have loos payabli first to the Beneficiary as its interest may appear''and then
<br />to .the Trustor. The amount collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as
<br />the Beneficiary shall determine. Such application by the Beneficiary shall not cause discontinuance of any proceedings to foreclose this
<br />Deed of Trust or cure or waive any default or notice of default or invalidate any act dQme pursuant to such notice. In the event of foreclosure,
<br />014ights of the Trustor in insurance policies then jq.10 I'pass.p) the Strehaser oitCh7e foreclosure sale.
<br />4. To obtain the written consent of Berw6dary Woje,'"ingicolivaiingbr otherivise transferring the property or any part thereof and
<br />any such sale. conveyance or transfer without the Bene5daWs written consent shall constitute a default under the terms hereof.
<br />5. To defend any action or proceeding purporting to affece the security hereof or the rights or powers of Beneficiary or Trustee.
<br />& Should Truster fail to pW when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against the
<br />property hereinabove described, Beneficiary may pay the same, and the amount so paid, with interest at the rate set forth in the note
<br />secured hereby, shall be added to and become a part of the debt secured in this Deed of Trust as permitted by law.
<br />IT IS MUTUALLY AGREED THAT:
<br />1. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award
<br />or-such portion thereof as may . be necessary to fully satisfy the obligation secured hereby. shall be paid to Beneficiary to-be applied to
<br />"obligation.
<br />2. By. scdeptbg payment otdny'611111 secured hereby after its due date, Beneficiary does not waive its right to require prompt payment-
<br />when due of alt.oNer sums so secaixed or to declare default for failure to so pay.
<br />3. The Trustee shall recoavey all or any part of the, property covered by this Deed of Trust to the person entitled thereto, on written
<br />request of the Trustor and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyance made by
<br />the Beneficiary or the person entitled thereto.
<br />991 G84 (NE)
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